- European markets soared to a record high, while US index futures advanced on earnings surprises and optimism that the world's largest economy's recovery is on track.
- December contracts on the S&P 500 index rose 0.4% after the underlying index registered its greatest monthly increase since November of last year. In Europe, healthcare stocks rose. As investors anticipated this week's Federal Reserve meeting for indications on stimulus withdrawal, the dollar and bond yields rose. Oil prices rose as a result of supply concerns.
- Even as bond markets react to prospects of prolonged inflation, shares are setting new highs as corporate profits gain from post-lockdown demand. Investors are now looking forward to the Fed's policy announcement on Wednesday when it is expected to announce the end of bond purchases.
- France has set Monday midnight as the deadline for resolving the France-UK dispute.
- UK Foreign Secretary Truss: If France does not rescind their threats, we will take action on trade.
- Goldman Sachs: Anticipating US Federal Reserve to begin hiking interest rates in July 2022 (previous forecast Q3 2023).
- OPEC+ intends to raise oil output by 400k BPD every month to ensure enough supply to markets - Kuna News
- EU Commission VP Šefčovič accuses the UK of seeking a Brexit clash, warning the UK not to initiate a confrontation over NI - The Telegraph.
